502 Olive Springs Road, Soquel, California 95073, Soquel, 95073 - 3 bed, 2 bath
502 Olive Springs Road
Soquel, California 95073
Property Price
SUMMARY
Analysis of 502 Olive Springs Road, Soquel, California 95073 is currently available with a list price of $1,499,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Soquel Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1923 and held by the same family for decades, this century-old home likely suffers from significant deferred maintenance. The property analysis highlights aging infrastructure, including the need for major updates to electrical, plumbing, and structural systems. While the exterior retains historical charm, the lack of recent renovations and discrepancies in public records regarding living area and room counts suggest the interior requires substantial rehabilitation to meet modern living standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 510087, living area = 1600.
- Exceptional Equestrian Facilities
With over 11 acres of usable land, a dedicated barn, and an arena, this property is perfectly equipped for horse owners and rare for the Soquel area.
- Privacy and Natural Setting
The estate offers a secluded, quiet, and sunny environment, providing a serene rural lifestyle while maintaining a sense of privacy and charm.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =510087, other record lot size in square feet = 510393. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1600, other record living area = 1132. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
- Aging Infrastructure
Built in 1923, the home is over a century old and likely requires significant updates to its structural systems, electrical, and plumbing to meet modern standards.
- Limited Living Space
The 1,600 square foot interior is relatively modest compared to the massive 11.7-acre lot, which may feel undersized for buyers seeking a large-scale luxury residence.
About 502 Olive Springs Road
First time on the market in decades. Family owned thru generations! This is a rare find, lots of usable land, lots of sunshine, private, quiet, set up for horses with a barn and arena (currently 4 horses are there), and a well constructed home with charm!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 510,087 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 1,600 | 1,806 | 27% |
| Lot Size | 510,087 | 10,715.5 | 91% |
| Price | $1.50M | $1.44M | 59% |
| Price per sq ft | $937 | $793 | 77% |
| Built year | 1923 | 1971 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 171 | 9% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,499,000
Initial Listing